Tips for Earning a Passive Income Whilst at University

By | November 17, 2016

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While you’re at university, you don’t want to spend all of your spare time working. You can’t afford to. You need to be able to devote enough time to your studies, especially if you’re studying an intense degree like an online MSW from Rutgers Online. That will take a lot of your time. While you may need to work at some point, there are other ways to make money, without it interfering with your all-important study time.

Real Estate

This one needs a big financial investment at the beginning, but if you’ve got the money, buying real estate is a great way to spend money to make money. Renting your property out can be hard work, but you can make a lot. Do some research and wait for the right time to get a good deal from the housing market; don’t rush in to such a large expense.

Stocks

Another ‘spend to earn’ type of investment, but you can spend a lot less. Buying stocks is buying a share of a company. The worth of your share rises and falls depending on the wealth of the company. Like real estate, you need to do your research and make wise investments if you want this to be a successful money maker.

Blogging

Writing a blog is associated with small costs, such as hosting. And can take a lot of work. As a student, you could blog about your subject, something you are an authority on, so it doesn’t need to take up too much study time. Use your blog to make money from a variety of different sources, such as affiliate marketing.

Write an EBook

If you can write, an EBook could be an easy way for you to make money. You can write and self-publish and then find a platform to sell it on, including your blog, if you’ve got one. A little bit of promotion and advertising and you could start to see sales grow.

Sell Photographs

If you’ve got a camera and can take good photographs, you could sell them online to stock photo sites. Or put them on free sites, which often give users the option to donate to the photographer. This might not make you rich, but could provide a steady flow of extra cash.

Create an App

Do you have an idea for an app? Or often feel there’s something missing from an app you use. Why not make your own? Online tutorials can help you. If you want your app to be free, consider hosting advertising to make your money.

University is expensive. Whether you are studying for an online masters of social work or an undergraduate degree, you will need to earn some money, without taking up too much of your time. These are just a few of the ways to make a passive income while you are at university. They vary in terms of how much time or money you need to put in to get anything out. Maybe try a few until you find the right path for you.